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The graph shows the demand curve (D), marginal revenue curve (MR), marginal cost curve (MC) and ...

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The graph shows the demand curve (D), marginal revenue curve (MR), marginal cost curve (MC) and ...

The graph shows the demand curve (D), marginal revenue curve (MR), marginal cost curve (MC) and average total cost curve (ATC) for a monopolist.

Assume that P1=$105, P2=$121, P3=$134, P4=$157, Q1=44, and Q2=66. What is the monopolist's profit in the short run? In the long run?
Please round your final answer to two decimal places.

▸ $1012.00, $0

▸ $2288.00,$0

▸ $2288.00, $2288.00

▸ $1012.00, $1012.00

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

Read 79 times

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frithne

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imomo Author

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Just got PERFECT on my quiz

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